Asian Sky Quarterly 2022 Q1
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MOOD & INTENTIONS: QUARTERLY SURVEY<br />
QUARTERLY SURVEY<br />
RESPONDENT BREAKDOWN<br />
Highlights in <strong>2022</strong> <strong>Q1</strong> Survey<br />
Respondent’s Locations<br />
Rest of the World (9%)<br />
SE & NE Asia (21%)<br />
Greater China (27%)<br />
Top 10 Respondent’s Locations<br />
Oceania (8%)<br />
Central Asia &<br />
Middle East (35%)<br />
1. Chinese market optimism dropped by 21% in <strong>Q1</strong>,<br />
which led to a decrease in regional optimism for the<br />
first time since 2020 <strong>Q1</strong>.<br />
2. More respondents believed that market demand will<br />
bounce back in the next six months.<br />
3. Fleet utilization continues to increase.<br />
4. Common sense regarding the “Seller’s Market” remains.<br />
In the first quarter of <strong>2022</strong> over 350 business<br />
aviation professionals responded to <strong>Asian</strong> <strong>Sky</strong><br />
Media’s latest quarterly survey about the mood and<br />
intentions in the industry.<br />
Singapore (5%)<br />
Thailand (5%)<br />
Australia (6%)<br />
Indonesia (6%)<br />
Philippines (6%)<br />
Pakistan (7%)<br />
United Arab Emirates (9%)<br />
United States (4%)<br />
China (18%)<br />
India (18%)<br />
Hong Kong (16%)<br />
The regions with the most respondents include:<br />
1. Greater China (27%) 2. Southeast and Northeast<br />
Asia (21%) 3. Central Asia & the Middle East (35%,<br />
incl. India, Pakistan, UAE etc.) 4. Oceania (8%) 5. Rest<br />
of the world (9%).<br />
The majority (61%) of respondents are related to<br />
business jets operations.<br />
Respondent’s Related Aircraft Type<br />
Turboprop (19%)<br />
Civil Helicopter (20%)<br />
Business Jet (61%)<br />
In total, 61% of respondents from this survey are<br />
from aircraft services providers (FBO, MRO, etc.)<br />
and aircraft operators. This was followed by smaller<br />
percentages of aircraft brokers (16%), and aircraft<br />
end users (5%). The remainder of the respondents are<br />
from other associated areas.<br />
COVID-19 Pandemic in Asia-Pacific<br />
Respondent’s Category<br />
Aircraft Sales / Charter Broker (16%)<br />
Others (18%)<br />
Aircraft Owner / Charter User (5%)<br />
Aircraft Service Providers*<br />
(FBO, MRO, etc) (32%)<br />
In the first quarter of <strong>2022</strong>, as the borders between<br />
countries and regions in Asia-Pacific continue to open<br />
up, we have seen a promising, increased percentage<br />
of respondents believing that market demand will be<br />
back in the next six months. This is an opinion that is<br />
supported by respondent’s own flight operations and<br />
business inquiries.<br />
Aircraft Operator<br />
/Management Company (29%)<br />
* Aircraft Service Providers include: financial services, training, FBO, ground<br />
handlers, Service, MRO, parts, etc.<br />
** Others include law firms, research facilities and government officials<br />
18 | ASIAN SKY QUARTERLY — FIRST QUARTER <strong>2022</strong>
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